ICICI Bank UK PLC, Frankfurt has announced the launch of an “Insta Netexpress” service through its online money tracking platform Money2Indiafor Indians living in Europe. This “Insta Netexpress” service will enable users to track money transfers to beneficiaries’ bank accounts in India with an assured exchange rate and processing time.

The new service will be provided to Money2India.eu users in association with PAY.ON. Users will benefit from this cooperation and experience simple and fast access to over 100 international payment schemes along with integration of most diverse risk management methods. This is a state of the art solution for eCommerce and risk management processes. With PAY.ON’s local presence, ICICI Bank will be able to meet customer needs better and provide a faster, more efficient service.

Dr. Tschangiz Scheybani, Managing Director of PAY.ON Asia said, “We are happy to partner with a global player like ICICI Bank for our processing platform “PaySourcing’ as we are constantly experiencing a growing customer demand for online payment activities. The PAY.ON technology enables online payments by classical as well as alternative payment methods, thus enabling ICICI Bank to serve clients worldwide by integrating solutions that specifically meet domestic payment demands.”

Money2India.eu is a web-based online remittance tracking platform which facilitates tracking of remittances from 17 Eurozone geographies to beneficiaries in India. Further, this service offers competitive exchange rates, no processing fee or service charges, faster processing time and dedicated toll free telephone support.

Commenting on the launch Mr. Sudhir Dole, Joint Managing Director, ICICI Bank UK PLC, said “We at ICICI Bank have always believed in offering customer-centric solutions and we feel delighted in presenting the Insta Netexpress facility on Money2india.eu. ‘We shall leverage the synergies between Money2India.eu and PAY.ON to offer yet another innovative solution to customers, who would now know the exact exchange rate applicable on the proposed remittance at the time of sending money.”

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We deliver white label global payment gateway solutions for payment service providers, independent sales organizations, acquirers, ISVs and VARs. Modular solutions are built upon next generation open platform architecture, enabling our partners to access a global payment network of more than 300 domestic and international acquirers and alternative payment methods.